Punjab Communications Ltd

About

Punjab Communications is engaged in the business of manufacturing of Telecom Products and these activities are Covered by risk and Returns.

  • Market Cap 39.2 Cr.
  • Current Price 32.6
  • High / Low 48.8 / 17.6
  • Stock P/E
  • Book Value 39.2
  • Dividend Yield 0.00 %
  • ROCE -22.4 %
  • ROE -22.6 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.83 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.41% over past five years.
  • Company has a low return on equity of -13.75% for last 3 years.
  • Contingent liabilities of Rs.38.27 Cr.
  • Company has high debtors of 323.50 days.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
14.32 8.11 9.99 8.04 4.32 9.14 6.09 2.88 4.14 6.37 7.19 3.11
16.24 11.90 13.65 12.53 9.76 13.48 11.72 8.53 9.82 10.97 11.25 8.13
Operating Profit -1.92 -3.79 -3.66 -4.49 -5.44 -4.34 -5.63 -5.65 -5.68 -4.60 -4.06 -5.02
OPM % -13.41% -46.73% -36.64% -55.85% -125.93% -47.48% -92.45% -196.18% -137.20% -72.21% -56.47% -161.41%
Other Income 2.36 2.36 2.42 2.08 1.91 2.31 2.66 2.13 2.14 2.08 2.13 1.95
Interest 0.07 0.12 0.11 0.01 0.03 0.01 0.01 0.01 0.02 0.00 0.01 0.00
Depreciation 0.12 0.14 0.14 0.13 0.13 0.10 0.09 0.11 0.07 0.09 0.09 0.06
Profit before tax 0.25 -1.69 -1.49 -2.55 -3.69 -2.14 -3.07 -3.64 -3.63 -2.61 -2.03 -3.13
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit 0.25 -1.69 -1.49 -2.54 -3.68 -2.14 -3.06 -3.64 -3.63 -2.60 -2.03 -3.13
EPS in Rs 0.21 -1.41 -1.24 -2.11 -3.06 -1.78 -2.54 -3.03 -3.02 -2.16 -1.69 -2.60

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
110 17 22 22 20 21 20 28 38 45 28 21 21
118 26 31 34 37 39 39 43 51 56 48 41 40
Operating Profit -8 -9 -10 -12 -17 -18 -19 -15 -13 -11 -20 -20 -19
OPM % -7% -51% -45% -53% -87% -86% -95% -53% -34% -25% -72% -97% -93%
Other Income 11 10 12 16 11 8 9 9 9 9 9 8 8
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 0 0 1 1 1 0 0 0
Profit before tax 2 0 1 3 -6 -10 -10 -6 -5 -3 -11 -12 -11
Tax % 14% 100% 28% 4% -9% 0% 0% 0% 0% 0% 0% 0%
Net Profit 2 0 1 3 -7 -10 -10 -6 -5 -3 -11 -12 -11
EPS in Rs 1.26 0.00 0.62 2.50 -5.70 -8.53 -8.72 -5.23 -4.02 -2.25 -9.51 -9.90 -9.47
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:2%
5 Years:0%
3 Years:-18%
TTM:-7%
Compounded Profit Growth
10 Years:%
5 Years:-4%
3 Years:%
TTM:9%
Stock Price CAGR
10 Years:-12%
5 Years:-3%
3 Years:11%
1 Year:6%
Return on Equity
10 Years:-7%
5 Years:-11%
3 Years:-14%
Last Year:-23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
12 12 12 12 12 12 12 12 12 12 12 12
Reserves 97 97 97 100 92 82 72 65 62 59 46 35
Borrowings 0 0 0 0 1 0 0 0 2 0 0 0
55 137 138 47 44 43 53 58 58 77 76 77
Total Liabilities 164 246 247 159 149 137 136 136 133 148 135 124
6 6 5 5 4 4 6 6 6 5 5 5
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1 1 1 1 0 0 7 7 7 7 7 7
156 239 240 153 145 132 124 123 121 136 123 112
Total Assets 164 246 247 159 149 137 136 136 133 148 135 124

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-0 79 -8 -13 0 -17 -1 -12 -14 -5 -10 -5
5 -80 10 12 0 19 1 10 16 4 14 6
-1 -0 -0 -0 0 -1 -0 0 1 -2 0 -0
Net Cash Flow 3 -1 2 -1 0 1 0 -1 3 -3 4 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 85 452 266 336 325 292 261 201 182 227 321 324
Inventory Days 58 815 561 548 738 724 724 698 481 407 539 630
Days Payable 114 5,457 3,580 738 763 553 569 479 317 298 381 538
Cash Conversion Cycle 28 -4,190 -2,754 145 299 463 416 420 346 336 479 416
Working Capital Days -21 -81 -43 28 170 122 -46 -62 -24 -77 -218 -508
ROCE % 2% 0% 1% 0% -6% -8% -11% -8% -6% -3% -18% -22%

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
71.28 71.28 71.28 71.28 71.28 71.28 71.28 71.28 71.28 71.28 71.28 71.28
4.78 4.78 4.78 4.78 4.78 4.78 4.78 4.78 4.78 4.78 4.78 4.78
0.32 0.30 0.30 0.30 0.30 0.31 0.30 0.30 0.30 0.30 0.30 0.25
23.62 23.64 23.64 23.64 23.64 23.63 23.64 23.64 23.64 23.64 23.64 23.69

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